But Geely has dropped their bid for Fisker. Two sources tell Reuters that the reason Geely dropped their bid was due to Fisker's obligations to the U.S. Government which included obligation to restore capacity and jobs at Fisker's Delaware plant according to a schedule imposed by the government.

"Those obligations are too complicated to handle and seem too risky. The plan's footprint was too big. It would take a long, long time to fill up the plant with products and restore employment there," a source said.

This leaves Dongfeng Motor Group as the sole bidder for Fisker. The company sent their final bid last week.

As for those who think this was why former Fisker chairman and founder Henrik Fisker stepped down, sources explain this is not related.

User Feedback

Right and if you believe that I have a awesome Ski cabin in North Korea to sell you too.

The government requirements and tie up will make most companies rethink the situation.

Take a high risk china company, let them buy the technology and then they will say they cannot make this work and declare bankruptcy and disappear along with the technology and then it will reappear in the form of a new Chinese company. They are good at pirating / stealing products from America.

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Fisker is beginning to drop information on their new vehicle called EMotion along with some clear images of the model.
The design is.. well... out there. The side profile looks be a Karma that has been squished. There are tall wheel wells and deep cuts in the doors. The front end is something - we're going with the policy if you have nothing nice to say, don't say anything. The vehicle is built out of aluminum and carbon fiber.
Fisker is already making some claims about the EMotion such as the vehicle having "superb rear legroom."
"Fisker has taken advantage of the newly developed electric powertrain layout by pushing the vehicle’s entire interior compartment forward and increasing the wheelbase with distinctively short front and rear overhangs, a layout that increases the interior space," the company said in a statement.
Also, the EMotion will have a range of 400 miles and reach a top speed of 161 mph. The company says this range is due to graphene battery technology developed by Fisker Nanotech and Nanotech Energy Inc. Details about this new battery tech are slim. One more thing, the EMotion will feature autonomous driving technologies.
Fisker will fully unveil the EMotion in mid-2017.
Source: Motor1, Roadshow

Fisker is beginning to drop information on their new vehicle called EMotion along with some clear images of the model.
The design is.. well... out there. The side profile looks be a Karma that has been squished. There are tall wheel wells and deep cuts in the doors. The front end is something - we're going with the policy if you have nothing nice to say, don't say anything. The vehicle is built out of aluminum and carbon fiber.
Fisker is already making some claims about the EMotion such as the vehicle having "superb rear legroom."
"Fisker has taken advantage of the newly developed electric powertrain layout by pushing the vehicle’s entire interior compartment forward and increasing the wheelbase with distinctively short front and rear overhangs, a layout that increases the interior space," the company said in a statement.
Also, the EMotion will have a range of 400 miles and reach a top speed of 161 mph. The company says this range is due to graphene battery technology developed by Fisker Nanotech and Nanotech Energy Inc. Details about this new battery tech are slim. One more thing, the EMotion will feature autonomous driving technologies.
Fisker will fully unveil the EMotion in mid-2017.
Source: Motor1, Roadshow

Chinese automaker Geely has introduced a new global brand, Lynk & Co., and their first model, an SUV developed alongside with Volvo in Berlin tonight. Geely's hopes for this new brand is to "disrupt the automobile industry and redesign the process of buying, owning and using a car".
The SUV called the 01 looks like a Porsche Cayenne up front and possibly Volvo along the side. Power will come from a hybrid system comprised of a 1.5L three-cylinder engine and electric motor. Other engines options will be announced at a later time. Transmissions include a manual and dual-clutch automatic. The 01 uses Volvo's CMA (Compact Modular Architecture) platform - something we'll be seeing in the near future with Volvo's upcoming 40-Series.
But the big story with Lynk & Co isn't the 01, it is everything around it. First, Lynk & Co will sell their vehicles either online or at select store locations. A small number of trims will be offered for each to model to help keep costs down. Prices will be fixed in all markets and buyers will have their new vehicle delivered to their home. If servicing needs to take place, Lynk & Co will pick up the vehicle.
Second, Lynk owners can make money by sharing their vehicle. A share button in the infotainment system allows an owner to grant a shared key to others to drive the vehicle. Third, Lynk is giving developers an open application programming interface to develop in-car applications. Lynk says the likes of Microsoft, Ericsson, and Alibaba are helping out with building the infrastructure needed for this.
Geely plans on launching Lynk & Co next year in China, with Europe and the U.S. following in 2018. There will be more models down the line (02, 03, etc) such as a sedan.
Source: Automotive News (Subscription Required), Roadshow

Chinese automaker Geely has introduced a new global brand, Lynk & Co., and their first model, an SUV developed alongside with Volvo in Berlin tonight. Geely's hopes for this new brand is to "disrupt the automobile industry and redesign the process of buying, owning and using a car".
The SUV called the 01 looks like a Porsche Cayenne up front and possibly Volvo along the side. Power will come from a hybrid system comprised of a 1.5L three-cylinder engine and electric motor. Other engines options will be announced at a later time. Transmissions include a manual and dual-clutch automatic. The 01 uses Volvo's CMA (Compact Modular Architecture) platform - something we'll be seeing in the near future with Volvo's upcoming 40-Series.
But the big story with Lynk & Co isn't the 01, it is everything around it. First, Lynk & Co will sell their vehicles either online or at select store locations. A small number of trims will be offered for each to model to help keep costs down. Prices will be fixed in all markets and buyers will have their new vehicle delivered to their home. If servicing needs to take place, Lynk & Co will pick up the vehicle.
Second, Lynk owners can make money by sharing their vehicle. A share button in the infotainment system allows an owner to grant a shared key to others to drive the vehicle. Third, Lynk is giving developers an open application programming interface to develop in-car applications. Lynk says the likes of Microsoft, Ericsson, and Alibaba are helping out with building the infrastructure needed for this.
Geely plans on launching Lynk & Co next year in China, with Europe and the U.S. following in 2018. There will be more models down the line (02, 03, etc) such as a sedan.
Source: Automotive News (Subscription Required), Roadshow

Henrik Fisker has resurrected his namesake company. Speaking with Bloomberg, Fisker said his new company Fisker Inc. will reveal a "premium, all-electric vehicle in the second half of 2017."
Various about this new vehicle and the underlying electric technologies are currently under lock and key. But Bloomberg was able to glean some information about it. The battery technologies developed by Fisker Nanotech - their battery division - promises over 400 miles of range and feature industry-leading battery life that could "match the life of the vehicle."
“The technology emanates from several professors from UCLA who have been working on energy storage. We have already developed prototypes that you won’t see anywhere else,” said Jack Kavanaugh, chairman of Fisker Nanotech.
Fisker wouldn't say much about the design of the new model except that it would feature some of his own design elements.
“It will definitely be something that when you see it, it will look completely different. It will be sporty and spacious. And you’ve got to make something look beautiful—there is no excuse for making an ugly car, even with new technology—so it will definitely have some of my signature elements.”
The company also plans on launching an affordable model down the road.
Source: Bloomberg